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Fashion: Former glamour model, Katie Price declared bankrupt for the second time

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Former glamour model, Katie Price has been declared bankrupt for the second time over an unpaid tax bill worth more than £750,000.

 

Price was previously declared bankrupt in 2019, owes £761,994.05 to HM Revenue and Customs.

 

The model who was previously declared bankrupt in November 2019, with debts of £3.2million, did not send a lawyer to her recent hearing which is the latest in a long string regarding her financial woes.

 

She now faces losing her £2million Sussex pad, dubbed Mucky Mansion – or could see bailiffs come round to repossess anything that could help pay back the government department.

 

At London’s Rolls Building, Insolvency and Companies Court Judge Sebastian Prentis said “there has been no response from the debtor. The papers are in order. There is substantial debt due from Ms Price to HMRC and therefore I will make a bankruptcy order.”

 

45-year-old Katie has dodged court for months after the case was moved half a dozen times since November 2021. The reality star and model is battling to save her £2million Sussex pad after running up debts of £3.2million.

 

According to court papers, £535,700 in unpaid national insurance or self-assessment tax make up the majority of the debt, as well as £40,000 in late payment fines.

 

In addition, she owes over £140,000 in missing VAT payments on top of almost £10,000 in VAT surcharges. The £761,994 claim is thought to be for a “liquidated sum”, which suggests she may need to sell assets or real estate to release equity.

 

The judge said;

 

“This petition was presented on 27 November 2023. It is in the sum of £761,194.05. That sum derives from self assessments for the years 2020-2021.

“And for that year 2021-2022 the amounts payable under those assessments were £142,405 and £196,735. The other main category on the petition is VAT due on returns. There are eight of those, being the returns between 31 August 2021 and 31 May 2023.

“The total of those is a little in excess of £140,000. Just as with the income tax self assessments, no payments at all have been made.

 

“The balance of the petition is therefore penalties and surcharges and interests and such like. The statutory demand in support of the petition was served personally on the 10 October.

“On 31 January 2024 there has been no response from the debtor and the papers are in order. There is a substantial debt due from Mrs Price to HMRC and I will therefore make a bankruptcy order at 12.03pm.”

 

The Channel 4 reality star is due to give evidence before an insolvency court in London next month in connection with her first bankruptcy. She is expected to give evidence to a judge about her income to show how she can pay off her debts.

Entertainment

Actress Kate Henshaw marks birthday with beautiful photos, expresses gratitude for life

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Veteran Nollywood actress Kate Henshaw is celebrating another year around the sun — and she’s doing it with grace, beauty, and gratitude.

The ever-ageless screen star shared stunning birthday portraits on her social media, thanking God for keeping her through the years.

In her words:

“Thank you to the King of Kings…
I am still standing only because of your grace and mercy…
I choose joy and gratitude till the end of my days.
Cheers to another year loaned.”

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Nollywood actor Tom Njemanze is dead

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Veteran Nollywood actor Tom Njemanze has passed away at the age of 75.

It was gathered that he died on Friday following a battle with prostate cancer.

Tom Njemanze, who gained fame in the 1990s, is renowned for his powerful performances in iconic films such as Tokunboh, Pounds and Dollars, Atosa, Issakaba, Osuofia in London, Brain Box, and Igbotic Love.

Known for his expressive delivery and commanding screen presence, he remains a cherished figure in Nigerian cinematic history.

Colleagues, friends, family, and fans have continued to pay tribute to the veteran actor, offering prayers for the peaceful repose of his soul and asking God to give his family the strength to bear the loss.

Ekwutosblog recalls that in a video posted via his Instagram page, the filmmaker Stanley Ontop disclosed that Njemanze had been diagnosed with prostate cancer and needed money for urgent surgery.

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Entertainment

Davido Expands Luxury Car Collection with Customized Lamborghini Revuelto Worth $600,000

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Afrobeats superstar Davido has added a new jewel to his impressive car collection – a bespoke Lamborghini Revuelto valued at approximately $600,000.

The music mogul took to Instagram to showcase his latest acquisition, sharing a video of himself taking delivery of the vehicle. This purchase comes hot on the heels of his upcoming wedding to Chioma in August 2025, which has been generating significant buzz online.

Davido’s Growing Car Collection:

– Lamborghini Revuelto : The newly acquired car, worth $600,000,000
– Lamborghini Aventador :  Previously owned, worth over ₦900 million
– Lamborghini Urus : Part of his collection, valued at $200,000
– Lamborghini Huracan: A fiery red sports car
– Rolls-Royce Spectre :  A 2024 model, confirmed by an American-based car dealer
– Rolls-Royce Cullinan : A luxurious addition to his collection
– Bentley Bentayga : A 2018 model
– Bugatti La Voiture Noire :  Worth $18.7 million
– Ferrari 458 Italia : A sleek and sophisticated supercar
– Porsche Panamera Turbo S: A high-performance car worth ₦23 million
–  Audi Q7 : A 2012 model
– Audi R8 : Worth over ₦120 million
– Mercedes-Benz G-Wagon : A 2017 model, with a 2020 model gifted to Chioma
– Range Rover Sport : A 2017 model worth ₦200 million.

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